BlueRun Ventures | Yuntu Semiconductor Closes Hundreds of Millions of RMB in B2 Round
Paths to High-Quality, Commercially Viable Development of Domestic Chips
Recently, Jiangsu YTMicro Semiconductor Co., Ltd. (hereinafter referred to as "YTMicro") has bucked the capital winter, completing two rounds of financing worth hundreds of millions of RMB within a single year. This round was led by China Structural Reform Fund, with participation from Xi Chuang Tou and other institutions. BlueRun Ventures led YTMicro's angel round and has continued to double down in subsequent rounds. Since its founding, YTMicro has been committed to R&D of high-end automotive chips and advancing the commercialization path for high-quality domestic chip development. To date, YTMicro has completed six rounds of financing, securing support from strategic investors including Xiaomi Industrial Investment, BAIC Capital, Baolong Technology, Inovance, and Dioo Microelectronics, as well as backing from prominent institutional investors such as BlueRun Ventures, Linknew Capital, Inno Angel Fund, LinXin Investment, Poly Capital, Hangzhou Jintou, Jinbang Capital, China Universal Asset Management, XinJinNeng, Yongxin Capital, Qiandao Fund, Jingxiang Capital, and Shique Investment.
In May 2023, YTMicro formally completed its full product layout of "general-purpose MCU + dedicated SoC." Its YTM32B1L and YTM32B1M product lines both received ISO 26262 ASIL-B functional safety certification, with shipments already reaching millions of units. The YTM32B1H, designed for high-end domain controllers and compliant with ISO 26262 ASIL-D, was announced for mass production in August 2023 and is currently in production validation with multiple customers. To date, YTMicro's product portfolio fully covers all five major vehicle domains: body, chassis, powertrain, cockpit, and autonomous driving. The past year marked YTMicro's full commercialization, with hundreds of customers spanning mainstream domestic OEMs and over 500 designated projects. Going forward, YTMicro will continue to optimize product processes and electrical/electronic architecture solutions based on customer needs, delivering internationally competitive automotive-grade "China chips." The company is also building an ecosystem with partners including IAR, PwSoftware, and ESIM to provide customers with complete domestic automotive chip solutions.
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Founded in Silicon Valley, BlueRun Ventures was established in 2005 as a venture capital firm focused on early-stage startups.
BlueRun Ventures currently manages multiple USD and RMB dual-currency funds in China, with assets under management exceeding RMB 15 billion, making it one of the largest early-stage funds domestically. The firm invests primarily at Pre-A and Series A stages across technology, consumer, and healthcare sectors, having backed nearly 200 startups to date, including Li Auto, Waterdrop, QingCloud, Guazi.com, Qudian, Ganji.com, Energy Monster, Gaussian Robotics, Songguo Mobility, YTMicro, Machenike, YS Robotics, AnchNet, and BioMap.
BlueRun Ventures has been ranked #1 on Zero2IPO's "Top 30 Early-Stage Investment Institutions in China" and ChinaVenture's "Top 30 Best Early-Stage VC Firms in China," and was named among Preqin's Top 10 Global VC Fund Managers for Sustained High Returns.
The firm has also received consecutive honors from Forbes China, 36Kr, Cyzone, Caixin Media, CBNweekly, Jiemian, and other media outlets, including "China's Best Early-Stage Firm of the Year," "China's Top Venture Capital Firm," "Most Entrepreneur-Friendly Early-Stage Firm of the Year," and "Most Influential Early-Stage Firm of the Year."